Unless the government’s backstopping the risk, unconventional homes loans are drying up. Borrowers that don’t qualify for traditional mortgages have been able to find alternatives in recent years. But now those lenders are cutting back originations — some are even halting operations full stop — as investors shy away, the Wall Street Journal reported. Some of those lenders include Angel Oak Cos., which has laid off the majority of its workforce and put a two-week
source https://therealdeal.com/2020/04/01/mortgage-market-dries-up-for-unconventional-home-loans/
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